Lead Virginia
- Assets
- $723.0k
- Revenue
- $819.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Richmond, VA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 59-3806367
Organization Overview
Lead Virginia is located in Richmond, VA. The organization was established in 2006. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Lead Virginia employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Virginia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lead Virginia generated $819.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $804.0k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD VIRGINIA CONNECTS LEADERS TO SHAPE THE COMMONWEALTH'S FUTURE THROUGH AN ANNUAL PROGRAM OF EDUCATIONAL FORUMS AND REGIONAL SESSION VISITS TO SIX DIVERSE REGIONS OF VIRGINIA. FRAMED AROUND SOCIAL CAPITAL THEORY AND CURRICULUM THEMES OF ECONOMY, EDUCATION AND HEALTH, LEAD VIRGINIA'S ANNUAL PROGRAM ATTRACTS HIGH PERFORMING LEADERS, CHALLENGES PRE-CONCEIVED NOTIONS AND PROVIDES PARTICIPANTS WITH A 360-DEGREE PERSPECTIVE OF VIRGINIA'S REGIONS AND THEIR MUTUAL INTERDEPENDENCE. GRADUATES OF THE PROGRAM ARE INFORMED ON ISSUES IMPORTANT TO VIRGINIA'S FUTURE AND PREPARED TO SERVE AT LOCAL, REGIONAL AND STATEWIDE CAPACITIES WITH THEIR STATEWIDE PERSPECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEWIDE LEADERSHIP PROGRAM DESIGNED TO CONNECT LEADERS TO BUILD "SOCIAL CAPITAL", EDUCATE PARTICIPANTS ON ISSUES FACING THE DIFFERENT REGIONS OF VIRGINIA, AND GENERATE POSSIBLE SOLUTIONS TO STATEWIDE CHALLENGES.
LEAD VIRGINIA ENCOURAGES ALUMNI ENGAGEMENT FOLLOWING COMPLETION OF ITS ANNUAL CLASS PROGRAM BY OFFERING EVENTS DESIGNED TO STIMULATE INTELLECTUAL INQUIRY, STAY INFORMED ON TIMELY TOPICS AND CONTINUE TO BUILD SOCIAL CAPITAL AMONG ITS ALUMNI NETWORK OF HIGH PERFORMING LEADERS ACROSS THE COMMONWEALTH. EVENTS INCLUDE THE CONVERSATIONS WITH LEADERS SPEAKER SERIES AND AN ANNUAL ALUMNI CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Horne President & | OfficerTrustee | 60 | $174,209 |
Nick Langridge Chair | OfficerTrustee | 1 | $0 |
Rhodes Ritenour Vice Chair | OfficerTrustee | 1 | $0 |
Anna Van Buren Past Chair | OfficerTrustee | 1 | $0 |
Jeff Schragg Treasurer | OfficerTrustee | 1 | $0 |
Linda Stanley Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,957 |
| Noncash contributions included in lines 1a–1f | $3,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,650 |
| Total Program Service Revenue | $407,619 |
| Investment income | $14,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $819,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,329 |
| Compensation of current officers, directors, key employees. | $52,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,852 |
| Pension plan accruals and contributions | $3,784 |
| Other employee benefits | $0 |
| Payroll taxes | $16,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,317 |
| Advertising and promotion | $69,137 |
| Office expenses | $31,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,638 |
| Travel | $31,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,648 |
| Interest | $406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,649 |
| Insurance | $5,875 |
| All other expenses | $9,351 |
| Total functional expenses | $804,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,150 |
| Savings and temporary cash investments | $114,978 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $15,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,955 |
| Net Land, buildings, and equipment | $8,734 |
| Investments—publicly traded securities | $185,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $213,714 |
| Total assets | $722,963 |
| Accounts payable and accrued expenses | $83,763 |
| Grants payable | $0 |
| Deferred revenue | $8,560 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,285 |
| Total liabilities | $239,608 |
| Net assets without donor restrictions | $187,533 |
| Net assets with donor restrictions | $295,822 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $722,963 |